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Economics focus

机译:经济学重点

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America has been the world's economic leader for over a century. Economic theory suggests that western Europe should be catching up. Yet average GDP per head in the European Union, measured at purchasing-power parity, is only three-quarters of that in the United States. A popular explanation is that European firms are less productive because they are hampered by labour-and product-market regulation. But European productivity, measured by output per hour worked, has in fact almost caught up with America's. If Europeans are so productive, though, why are they apparently so much poorer than Americans?
机译:一百多年来,美国一直是世界经济领导者。经济理论表明,西欧应该赶上。然而,按购买力平价衡量,欧盟的人均国内生产总值仅为美国的四分之三。一个流行的解释是,欧洲公司的生产率较低,因为它们受到劳动力和产品市场法规的阻碍。但是,以每小时工作产出来衡量的欧洲生产力实际上已经赶上了美国。但是,如果欧洲人的生产力如此之高,为什么他们显然比美国人穷得多?

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